Distinguish between Logistics and Supply Chain management
|
Logistics |
Supply Chain Management |
| 1. It is concerned with getting goods & services where they are required & when they are desired |
1. SCM encompasses all those activities
associated with movement of goods from raw material stage to the end user |
| 2. Logistics is used within a single organization. | 2.Supply chain management requires coordination and implementation through various organizations in the supply chain. |
| 3. Logistics is a part of Supply Chain management | 3. Supply chain management is an extension of Logistics management. |
| 4. Logistics adds value when inventory is correctly positioned to facilitate sales | 4. Effective SCM excels in reducing operating costs, improves asset productivity and reduces order cycle time |
| 5. The concept of Logistics management is relatively old | 5. The concept of Supply chain management is relatively new |
| 6. Logistics management is a narrower concept | 6. Supply chain management is a broader concept |
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